Source: Urban C. Lehner, PROGRESSIVE FARMER, 12/17/21


Everybody's worried about inflation, but few have been hit by it as hard as farmers. Unfortunately for them, while the government has a cure, of sorts, for the inflation troubling "everybody," that cure may not help farmers as much. Consumer prices leaped 6.8% in November from a year ago. Prices of many fertilizers more than doubled, and other ag input prices are up sharply, too. At the DTN Ag Summit in Chicago in early December there was a lot of hallway chatter about the nasty bite these increases will take out of farm profits next year.

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